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Andy promises to pay Opie $6,500 when Opie graduates from Mayberry University in 10 years. How much must Andy deposit today to make good on

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Andy promises to pay Opie $6,500 when Opie graduates from Mayberry University in 10 years. How much must Andy deposit today to make good on his promise, if he can earn 6% on his investments? How much must Andy deposit today to make good on his promise? $(Round to the nearest cent.)

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